This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following is true of a payoff matrix? A) It is the representation of only the best ... (Read 23 times)

MGLQZ

  • Hero Member
  • *****
  • Posts: 579
on: Jun 29, 2018
Which of the following is true of a payoff matrix?
 
  A) It is the representation of only the best response of each player.
  B) It takes into account all relevant costs and benefits associated with each action of the players.
  C) It shows the payment made to each factor of production for the production of a good.
  D) It does not represent all the costs and benefits associated with the choices of the players.

Question 2

Define and give an example of how a spell of frictional unemployment can begin.
 
  What will be an ideal response?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Smiles0805

  • Sr. Member
  • ****
  • Posts: 305
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Frictional unemployment is the unemployment resulting from normal turnover in the labor market. For instance, there are always people entering or reentering the labor force (entrants and reentrants) and while these people look for work, they are frictionally unemployed. Similarly, there are always some people who quit their jobs to look for something better, and these people are frictionally unemployed. And, there is always a normal ebb and flow among firms as some gain sales while others lose them. The firms that lose business might release workers and these people also are frictionally unemployed.


MGLQZ

  • Member
  • Posts: 579
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

nyrave

  • Member
  • Posts: 344
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

Epiphyseal Usually occurs through the growth plate where the matrix is undergoing calcification and Epiphyseal Usually occurs through the growth plate where the matrix is undergoing calcification and
The relative proportions of body region representation in the motor cortex (anterior to the central The relative proportions of body region representation in the motor cortex (anterior to the central
A schematic representation of how DNA looping (perhaps mediated by nucleosomes) A schematic representation of how DNA looping (perhaps mediated by nucleosomes)
Trans Representation (2 of 3) Trans Representation (2 of 3)
Nontraditional Gender Representation in Film Nontraditional Gender Representation in Film
Helicobacter pylori (artist’s representation) Helicobacter pylori (artist’s representation)
Video: Condensation and Hydrolysis Animation

For a complete list of videos, visit our video library